03:53 PM EDT, 09/20/2024 (MT Newswires) -- The number of oil rigs in the US were unchanged at 488 for the week ended Friday, according to data compiled by energy services company Baker Hughes ( BKR ) . The tallies for gas and miscellaneous rigs fell by one each on a weekly basis to 96 and four, respectively. A year...

The U.S. stock market had a mixed close on Tuesday. The Dow Jones slipped slightly by 0.4%, finishing at 41,606.18. Meanwhile, the S&P 500 edged up 0.03% to 5,634.58, and the Nasdaq gained 0.2%, closing at 17,628.06. Investors are now keenly awaiting the Federal Reserve’s meeting scheduled for Wednesday, where a cut in interest rates is widely expected. These are...

Even as the Federal Reserve prepares to announce its first rate cut in the current monetary policy cycle, some have expressed fears that the move could be a little too late to keep the economy from slipping into a recession. Market strategist and  President of Yardeni Research Ed Yardeni, however, allayed the concern. What Happened: The Atlanta Federal Reserve’s GDPNow...

(Reuters) - The Federal Reserve cut interest rates by half of a percentage point on Wednesday, kicking off what is expected to be a steady easing of monetary policy with a larger-than-usual reduction in borrowing costs that followed growing unease about the health of the job market. Policymakers see the Fed's benchmark rate falling by another half of a percentage...